The benchmark BSE Sensex rebounded over 117 points in early trade today, after two sessions of losses, on value-buying by investors in select blue-chips amid a recovery at Asian markets despite the ongoing Greece crisis.
The 30-share index recouped 117.80 points, or 0.42 per cent, to 27,762.95, with FMCG, realty, metal, consumer durables, healthcare and oil & gas sectors leading the recovery.
The gauge had lost 250.82 points in the previous two sessions on the worsening Greece’s debt situation.
Also, the NSE Nifty was up 34.65 points, or 0.42 per cent, at 8,353.05 in early trade.
Brokers said value-buying in select blue-chip stocks, coupled with a slightly better trend at other Asian markets after the previous day’s rout on Greece concerns, influenced sentiment here.
Among Asian markets, Hong Kong’s Hang Seng gained 0.79 per cent while Japan’s Nikkei rose 0.11 per cent in early trade today.
The US Dow Jones Industrial Average, however, fell 1.95 per cent in yesterday’s trade.
Snapping its five-day falling spree, the rupee rose 8 paise to 63.76 against the US dollar in early trade today on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.
Selling of the American currency by exporters and banks supported the rupee, but the dollar’s firmness against euro and other currencies overseas capped the gains, dealers said.
Besides, a higher opening in domestic equity market helped the rupee, they added.
The rupee depreciated 20 paise to close at 63.84 in yesterday’s trade due to the looming debt default crisis in Greece amid month-end demand for the greenback from importers.
Meanwhile, the benchmark BSE Sensex rose 117.80 points, or 0.42 per cent, to trade at 27,762.95 in early trade.
PTI